Short Interest in MIND C.T.I. Ltd (NASDAQ:MNDO) Declines By 96.7%

MIND C.T.I. Ltd (NASDAQ:MNDO) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 200 shares, a decrease of 96.7% from the November 30th total of 6,000 shares. Based on an average daily volume of 22,000 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On MIND C.T.I.

An institutional investor recently raised its position in MIND C.T.I. stock. Glenorchy Capital Ltd raised its stake in shares of MIND C.T.I. Ltd (NASDAQ:MNDO) by 13.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260,783 shares of the information technology services provider’s stock after buying an additional 31,544 shares during the period. Glenorchy Capital Ltd owned about 1.30% of MIND C.T.I. worth $514,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.32% of the company’s stock.

MIND C.T.I. Trading Down 0.5 %

NASDAQ:MNDO traded down $0.01 on Friday, reaching $1.98. 12,394 shares of the stock traded hands, compared to its average volume of 28,789. The company has a market capitalization of $39.75 million, a price-to-earnings ratio of 8.98 and a beta of 0.78. MIND C.T.I. has a 12 month low of $1.70 and a 12 month high of $2.28. The company’s fifty day simple moving average is $1.97 and its 200 day simple moving average is $1.93.

MIND C.T.I. (NASDAQ:MNDO) last announced its quarterly earnings results on Tuesday, November 5th. The information technology services provider reported $0.04 earnings per share for the quarter. MIND C.T.I. had a net margin of 22.08% and a return on equity of 21.27%. The company had revenue of $5.21 million during the quarter.

About MIND C.T.I.

MIND C.T.I. Ltd., together with its subsidiaries, develops, markets, sells, and implements billing and customer care software solutions for communication service providers in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging.